Hoteles City defends IPO

Hoteles City defends IPO

Equity

Mexican hotel operator Hoteles City has defended its 2013 public listing, saying that the company has improved its financial position since the IPO, even if the share price doesn’t reflect that. “We came out in a very difficult time — it was the peak of the IPOs, and the markets just started to have a downturn in the US and in Mexico,” Luis Barrios, the firm’s chairman and chief executive told LatinFinance. “Definitely I think it is more a market perception of what’s going on in Mexico, with slo

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